JAKARTA - Last week, the price of Bitcoin (BTC) fell below USD 59.000 (IDR 967.3 million), marking the second-worst weekly decline in the crypto market this year.
However, in the end, BTC rebounded by up more than 6.00 percent in the period 28 June to 1 July, from $ 60,000 (Rp.983.7 million) to 63.800 US dollars (Rp1.04 billion) for the first time in the past week.
The previous decline was largely due to fears caused by German state BTC selling transactions and concerns about Mt creditors. Gox, which sold large amounts of Bitcoin during the asset return process from Mt. Gox, which starts this month.
This week, the crypto market is anticipating the start of trading in Ethereum's exchange-traded fund (ETF) products in the United States, which was originally predicted to experience problems on July 4.
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Recent information suggests that this launch may be delayed until the second week of July, after July 8.
Crypto Financial Expert Ajaib Panji Yudha said that the upcoming Ethereum spot ETF trading in the United States is expected to trigger a wave of bullish sentiment.
"With billions of dollars ready to enter the Ethereum ecosystem in the coming months," Panji said in a statement.
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